Fintel reports that on August 25, 2023, Benchmark maintained coverage of NetEase Inc - ADR (NASDAQ:NTES) with a Buy recommendation.
Analyst Price Forecast Suggests 22.58% Upside
As of August 2, 2023, the average one-year price target for NetEase Inc - ADR is 121.06. The forecasts range from a low of 96.96 to a high of $160.65. The average price target represents an increase of 22.58% from its latest reported closing price of 98.76.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for NetEase Inc - ADR is 106,523MM, an increase of 7.77%. The projected annual non-GAAP EPS is 35.25.
What is the Fund Sentiment?
There are 731 funds or institutions reporting positions in NetEase Inc - ADR. This is a decrease of 12 owner(s) or 1.62% in the last quarter. Average portfolio weight of all funds dedicated to NTES is 0.79%, an increase of 14.47%. Total shares owned by institutions decreased in the last three months by 3.27% to 260,280K shares. 
The put/call ratio of NTES is 0.74, indicating a bullish outlook.
What are Other Shareholders Doing?
VEIEX - Vanguard Emerging Markets Stock Index Fund Investor Shares holds 25,362K shares representing 4.06% ownership of the company. In it's prior filing, the firm reported owning 25,525K shares, representing a decrease of 0.65%. The firm increased its portfolio allocation in NTES by 3.63% over the last quarter.
VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 24,238K shares representing 3.88% ownership of the company. In it's prior filing, the firm reported owning 24,206K shares, representing an increase of 0.13%. The firm increased its portfolio allocation in NTES by 0.61% over the last quarter.
CWGIX - CAPITAL WORLD GROWTH & INCOME FUND holds 20,381K shares representing 3.26% ownership of the company. No change in the last quarter.
IEMG - iShares Core MSCI Emerging Markets ETF holds 18,057K shares representing 2.89% ownership of the company. In it's prior filing, the firm reported owning 18,024K shares, representing an increase of 0.18%. The firm increased its portfolio allocation in NTES by 8.93% over the last quarter.
KWEB - KraneShares CSI China Internet ETF holds 16,601K shares representing 2.65% ownership of the company. In it's prior filing, the firm reported owning 18,331K shares, representing a decrease of 10.42%. The firm increased its portfolio allocation in NTES by 14.89% over the last quarter.
NetEase Background Information
(This description is provided by the company.)
NetEase, Inc. is a Chinese Internet technology company providing online services centered on content, community, communications, and commerce.
Additional reading:
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- NetEase, Inc. (Incorporated in the Cayman Islands with limited liability) (Stock Code: 9999) DATE OF BOARD MEETING AND DATE OF PUBLICATION OF SECOND QUARTER 2023 EARNINGS ANNOUNCEMENT
- NetEase, Inc. (Incorporated in the Cayman Islands with limited liability) (Stock Code: 9999) RESULTS OF THE 2023 ANNUAL GENERAL MEETING OF SHAREHOLDERS
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